Charles Schwab (SCHW) FY2024 results: revenue $19.6 billion, up 4.1% on the year
Charles Schwab Corp. (SCHW) reported revenue of $19.6 billion for fiscal 2024, the year ended 31 December 2024, up 4.1% on the year before. Net income was $5.9 billion, up 17.3%, and diluted earnings per share $2.99. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$19.6 billion
+4.1% on the year
FY2017FY2024
Operating margin
n/a
FY2017FY2024
Net income
$5.9 billion
+17.3% on the year
FY2017FY2024
Diluted EPS
$2.99
+17.7% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
2,670
19,587
2,057
-86.4%
Capital expenditure
620
700
971
-11.4%
Free cash flow
2,050
18,887
1,086
-89.1%
Free cash flow margin
10.5%
100.3%
5.2%
Cash from investing
35,431
57,411
32,048
-38.3%
Cash from financing
-47,060
-61,245
-68,723
Depreciation and amortisation
n/a
804
652
Share-based compensation
337
320
366
+5.3%
Buybacks
0.0
2,842
3,395
Dividends paid
2,275
2,276
2,110
-0.0%
Dividend per share
$1.00
$1.00
$0.84
0.0%
Diluted shares, weighted
1,834m
1,831m
1,894m
+0.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
48,375
40,958
36,608
+18.1%
Deposits
259,121
289,953
366,724
-10.6%
Short-term borrowings
n/a
n/a
17,050
Debt
22,428
26,128
20,828
-14.2%
Other liabilities
149,919
136,139
110,562
+10.1%
Total liabilities and equity
479,843
493,178
551,772
-2.7%
Fixed assets
n/a
n/a
3,714
Goodwill
11,951
11,951
11,951
0.0%
Intangible assets
7,743
8,260
8,789
-6.3%
Securities held for sale or to maturity
229,447
267,098
320,945
-14.1%
Loans
45,215
40,439
40,505
+11.8%
Securities borrowed
695
1,563
705
-55.5%
Cash and equivalents
42,083
43,337
40,195
-2.9%
Other assets
142,709
120,530
124,968
+18.4%
Total assets
479,843
493,178
551,772
-2.7%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.